Mattel (NASDAQ:MAT) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Mattel (NASDAQ:MAT) from a hold rating to a buy rating in a research note published on Friday.

MAT has been the topic of several other reports. Roth Mkm reissued a neutral rating and issued a $21.00 target price on shares of Mattel in a research report on Wednesday, April 24th. Bank of America raised their target price on Mattel from $25.00 to $26.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. Citigroup lifted their price objective on Mattel from $25.00 to $26.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Finally, DA Davidson reaffirmed a buy rating and set a $27.00 price objective on shares of Mattel in a research report on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $22.63.

Mattel Price Performance

NASDAQ MAT opened at $18.32 on Friday. Mattel has a one year low of $15.87 and a one year high of $22.44. The stock has a 50-day moving average of $17.37 and a 200 day moving average of $18.36. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.25 and a beta of 0.86. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. On average, sell-side analysts forecast that Mattel will post 1.43 EPS for the current year.

Insider Buying and Selling

In related news, insider Steve Totzke sold 45,216 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $18.90, for a total value of $854,582.40. Following the transaction, the insider now directly owns 101,902 shares of the company’s stock, valued at approximately $1,925,947.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Institutional Trading of Mattel

A number of large investors have recently added to or reduced their stakes in MAT. International Assets Investment Management LLC increased its stake in Mattel by 1,788.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,552 shares of the company’s stock worth $143,000 after acquiring an additional 7,152 shares during the last quarter. Krilogy Financial LLC increased its stake in Mattel by 3.5% in the 4th quarter. Krilogy Financial LLC now owns 42,442 shares of the company’s stock worth $801,000 after acquiring an additional 1,455 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Mattel in the 4th quarter worth approximately $1,873,000. Strs Ohio increased its stake in Mattel by 33.9% in the 4th quarter. Strs Ohio now owns 65,733 shares of the company’s stock worth $1,241,000 after acquiring an additional 16,639 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in Mattel in the 4th quarter worth approximately $506,000. Institutional investors own 97.15% of the company’s stock.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.